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Matched betting continued...free money for all!

(1000 Posts)
monkeyfacegrace Tue 18-Apr-17 07:41:55

As the last thread is almost full, here is a nice fresh clean one.

In a nutshell, matched betting is a clever way of making ££££ from the bookies without ever having to gamble.

This is profit accumulator

This is odds monkey

Have read. TAKE YOUR TIME!

And enjoy the money grin

monkeyfacegrace Tue 18-Apr-17 07:45:44

Link to the last full thread

Verticalvenetianblinds Tue 18-Apr-17 07:59:32

Aw thanks for starting a new thread! Place marking smile

CalmItKermitt Tue 18-Apr-17 08:00:45

Great! Placemarking 😄

Frouby Tue 18-Apr-17 08:08:05

Place marking too.

Have been following the old thread and have signed up to PA but that's it so far. Dcs and dp being off means I daren't start yet as no doubt someone would need a wee/drink/food etc and I would end up fucking up.

Have learnt loads tho and might get half an hour tonight to have a go!

lbsjob87 Tue 18-Apr-17 08:12:46

I was talking to my OH about doing this - he's got a much better brain for things like odds and I found the videos quite confusing. So I thought I would get him on board.
But he's convinced it's a scam, because it seems too easy.

Can you please convince him, via your responses here, that it works and doesn't take all your money?

If I do it without him, I think I'd get it wrong.

monkeyfacegrace Tue 18-Apr-17 08:21:01

Just get him to sign up to PA and do the free deals. That should prove it.

Plus any Google will tell you it's not a scam confused

Babyiwantabump Tue 18-Apr-17 08:31:29

Place marking

Babyiwantabump Tue 18-Apr-17 08:33:02

Ibsjob just get him to google - there is even an article in the guardian about how it's a sure thing!

TheUpsideDown Tue 18-Apr-17 08:36:57

Omg... I need free money! grin
Will be taking a look!

TessTube Tue 18-Apr-17 08:38:11

Thanks for new thread.

monkeyfacegrace Tue 18-Apr-17 08:38:58

To be fair, I didn't believe it until I'd done it.

I kept expecting someone to jump out and try and sell me mascara or weight loss shakes grin

edengarden123 Tue 18-Apr-17 08:53:34

Hi all!

Babyiwantabump Tue 18-Apr-17 10:05:38

Right . Somehow I haven't achieved my free bets for BetVictor and ComeOn - I don't know why and it doesn't say why but oh well . Moving on.

I have my smarkets bonus £10 but not sure how to use it? Does it just automatically use it when you run out of normal funds?

TessTube Tue 18-Apr-17 10:13:01

Smarkets gives it you automatically as soon as you lose a tenner with them so just keep using them as normal.

Cock ups I've made so far

Not betting with high enough odds to get free bets - check the T&Cs

Didn't put enough into Coral to get the cash back through top cash back!

Despite this I'm still up and lesson learned.

Babyiwantabump Tue 18-Apr-17 10:23:06

tesstube I suspect that's why I haven't got my free bets from betvictor and comeon- not using high enough odds on the qualifying bet.

Babyiwantabump Tue 18-Apr-17 10:23:28

I keep forgetting to go through cashback sites too!

ItsAllGoingToBeFine Tue 18-Apr-17 10:37:46

.

TessTube Tue 18-Apr-17 10:50:01

I thought I did! It's so annoying but I suppose it's a learning curve for us and I've not lost anything.

You have to put on a tenner to get the cash back for Coral but you only needed to put £5 in for the free bet, so I did that.

longtermsinglemummy Tue 18-Apr-17 10:55:20

Has anyone tried casinos yet?

TessTube Tue 18-Apr-17 11:22:32

It said on PA to do the sign ups first and then tackle the other stuff - think it's good practice and less easy to cock those up.

I'm going to do that because I've also not got much money built up yet.

Verticalvenetianblinds Tue 18-Apr-17 13:15:09

I'm having a slow day. Withdrawals haven't come through, despite starting them on Wednesday. Bloody bank holiday. And the bet/lay I put on yesterday is a non runner so money returned -lovely jubbly. Except now the bookies has stopped working!! Grrr. I've got £20 free bet I wanna play with!

imnottoofussed Tue 18-Apr-17 13:21:45

Vertical are you withdrawing from bookies or exchange out of interest?

I've only won once at the bookies and have left £20 in there, the rest of my money is in the exchange with about half tied up in liabilities.

I'm approx £76 in profit at the moment and contemplating taking out some of the float I started with otherwise I can't keep signing up for new offers from my bank account. Just wondering what others are doing. Float I started with was £200.

MissisQuigley Tue 18-Apr-17 13:27:03

Be careful when betting on the horses....

I accidentally clicked the EW (each way) box on Betfred and didn't realise!

This meant that my back bet stake to win was halved but I'd layed the full amount on Betfair. I'd have been stuffed it had won, but it didn't smile

MaidOfStars Tue 18-Apr-17 13:31:47

How does this scan for the technical thread?

NEWBIE

The basic principles of a bet

A bet is composed of two parts: a back bet and a lay. Back bets are very simple to comprehend – most of us will have stuck £1 on England to win the World Cup (or similar) i.e. we have backed England to win. We are making back bets with a bookmaker, who takes our back bet and offers to lay the potential payout, should we win our back bet.

Terminology check: We have backed England to win the World Cup, and the bookmaker has layed England to win the World Cup.

Concept check: As the bookmaker is laying against a specific outcome – that England will win the World Cup – the bookmaker is effectively betting on any different result other than England winning the World Cup.

Thus, the two parties involved in a bet take different roles, either as the backer or the person laying that back bet.

An example:
Anna wants to bet that a tossed coin will land on heads. Zara is happy to take Anna’s bet and offers odds of 2/1 that the coin will land on heads. Anna is the backer placing a back bet and Zara is laying the bet. Anna pays a stake to Zara, say £5. Zara has promised to pay Anna £10 (the stake value multiplied by the odds she offered to Anna) should Anna’s back bet win – Zara is laying the back bet and puts forward her liability, £10, should she lose the lay.

So, the pot of cash available after this agreement is made but before the event is settled is composed of £15 - £5 is Anna’s stake and £10 is Zara’s liability. If Anna wins her back bet, she retrieves her £5 stake and wins Zara’s £10 liability. If Anna loses her back bet, Zara retrieves her £10 liability and wins Anna’s £5 stake.

Concept check: Zara has not put forward a stake of any value. When you lay a bet, you do not place a stake, you cover someone else’s stake according to the odds you offered.

Now toss the coin and check the result, then give the pot to Anna if it lands on heads, or to Zara if it lands on tails (or on its side, or any outcome other than landing on heads). Job done, someone wins, someone loses.

That’s a bet.

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